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November 10, 2008 at 10:54 AM
Access to professional help may increase the odds that Americans ages 45 to 64 will be optimistic about their long-term financial health.
Researchers at Thrivent Financial for Lutherans, Minneapolis, have published statistics on boomer investor psychology in a summary of results from a survey of 947 U.S. boomers conducted in late October.
Only 29% of the participants said they have worked with a financial professional, the Thrivent researchers report.
About 70% of the participants who had worked with a professional said they are optimistic about their long-term financial health, compared with 55% of the participants who have managed their finances without professional help, the researchers report.
